Common use of Duration and Termination of the Agreement Clause in Contracts

Duration and Termination of the Agreement. This Agreement shall become effective as of the date hereof and shall remain in force for a period of three (3) years and shall continue in effect for successive twelve-month periods thereafter with the approval of the Board or by a vote of a majority of the outstanding voting securities of the Fund. Should the Trust exercise its right to terminate, all out-of-pocket expenses associated with the movement of records and material will be borne by the Trust. Additionally, the Administrator reserves the right to charge for any other reasonable expenses associated with such termination.

Appears in 5 contracts

Samples: Administrative Services Agreement (Advisorone Funds), Administrative Services Agreement (Advisorone Funds), Administrative Services Agreement (Advisorone Funds)

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Duration and Termination of the Agreement. This Agreement shall become effective as of the date hereof and shall remain in force for a period of three (3) years and shall continue in effect for successive twelve-month periods thereafter with years, provided however, that both parties to this Agreement have the approval of option to terminate the Board or by a vote of a majority of the outstanding voting securities of the FundAgreement, upon ninety (90) days prior written notice. Should the Trust Fund exercise its right to terminate, all out-of-pocket expenses associated with the movement of records and material will be borne by the TrustFund. Additionally, the Administrator reserves the right to charge for any other reasonable expenses associated with such termination.

Appears in 4 contracts

Samples: Administrative Service Agreement (Questar Funds Inc), Administrative Services Agreement (Chaconia Income & Growth Fund Inc), Service Agreement (Alpha Analytics Investment Trust)

Duration and Termination of the Agreement. This Agreement shall become effective as of the date hereof and shall remain in force for a period of three (3) years and shall continue years, provided however, that both parties to this Agreement have the option to terminate the Agreement, without penalty, upon ninety (90) days prior written notice. Upon termination of this Agreement in effect for successive twelve-month periods thereafter accordance with the approval of foregoing, the Board or by a vote of a majority of Administrator shall deliver to the outstanding voting securities Fund (at the expense of the Fund. Should the Trust exercise its right to terminate, ) all out-of-pocket expenses associated with the movement of records and material will be borne by other documents made or accumulated in the Trust. Additionally, performance of its duties for the Administrator reserves the right to charge for any other reasonable expenses associated with such terminationFund hereunder.

Appears in 2 contracts

Samples: Administration Agreement (Wall Street Fund Inc), Administrative Services Agreement (Croft Funds Corp)

Duration and Termination of the Agreement. This Agreement shall become effective as of the date hereof and shall remain in force for a period of three (3) years and shall continue in effect for successive twelve-month periods thereafter with years, provided however, that both parties to this Agreement have the approval of option to terminate the Board or by a vote of a majority of the outstanding voting securities of the FundAgreement, upon ninety (90) days prior written notice. Should the Trust Fund exercise its right to terminate, all out-of-pocket expenses associated with the movement of records and material will be borne by the TrustFund. Additionally, the Administrator ADS reserves the right to charge for any other reasonable expenses associated with such termination.

Appears in 2 contracts

Samples: Administrative Service Agreement (Delta Funds Inc), Service Agreement (Canandaigua National Collective Inv Fd for Qual Trusts)

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Duration and Termination of the Agreement. This Agreement shall become effective as of the date hereof and shall remain in force for a period of three (3) years and shall continue in effect for successive twelve-month periods thereafter with years, provided however, that both parties to this Agreement have the approval of option to terminate the Board or by a vote of a majority of the outstanding voting securities of the FundAgreement, upon ninety (90) days prior written notice. Should the Trust exercise its right to terminate, all out-of-pocket expenses associated with the movement of records and material will be borne by the Trust. Additionally, the Administrator reserves the right to charge for any other reasonable expenses associated with such termination.

Appears in 1 contract

Samples: Administration Agreement (Orbitex Group of Funds)

Duration and Termination of the Agreement. This Agreement shall become effective as of the date hereof and shall remain in force for a period of three (3) years and shall continue in effect for successive twelve-month periods thereafter with years, provided, however, that both parties to this Agreement have the approval of option to terminate the Board or by a vote of a majority of the outstanding voting securities of the FundAgreement, without penalty, upon ninety (90) days prior written notice. Should the Trust exercise its right to terminate, all out-of-pocket expenses associated with the movement of records and material will be borne by the Trust. Additionally, the Administrator reserves the right to charge for any other reasonable expenses associated with such termination.

Appears in 1 contract

Samples: Administrative Services Agreement (Impact Management Investment Trust)

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